What does it mean to be redeemed by Christ?

Redemption refers to the act of being rescued from a state of bondage or servitude, often involving a payment. In the context of Christianity, this is accomplished through the sacrifice of Jesus, who paid the ultimate price for our sins by shedding His blood on the cross. As stated in 1 Peter 1:18-19, we were not redeemed with corruptible things like silver or gold, but with the precious blood of Christ, a lamb without blemish. This redemption is both a purchase and a declaration of freedom; it liberates us from the debt of sin and restores us to a right relationship with God. As those who have been redeemed, we are called to live in light of this profound truth, acknowledging that we no longer belong to ourselves but to Christ, who has claimed us for His own.